Reverse Mortgage For Home Purchases[1]

Reverse mortgage for home purchases A new financing opportunity for purchase transactions. Carlos A. Camargo Reverse Mortgage Specialist

Trusted leadership you can count on -meeting the needs of senior homeowners ,[object Object],[object Object]

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What is a reverse mortgage? ,[object Object],[object Object],[object Object],[object Object],[object Object],1. Consult a tax advisor 2. Loan proceeds are not considered income and will not affect Social Security or Medicare benefits. Monthly reverse mortgage advances may affect borrower eligibility for other programs. Consult either a local program office or an attorney to determine how, or if, monthly reverse mortgage payments might affect a specific situation.

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Reverse mortgage for purchase ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],3. Actual loan amounts available depend on the rates in effect when a loan is closed and the actual origination fee and closing costs charged, the appraised home value and current equity loan limits in your county.

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Frequently asked questions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],4. These are examples of what sources may or may not be used to cover the cash required to close. For detailed information please contact your Reverse Mortgage Consultant.

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For more information ,[object Object],Information is accurate as of the date of printing and is subject to change without notice. Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. © 2009 Wells Fargo Bank, N.A. All rights reserved. 105091 3/09 Carlos A. Camargo 805-985-2808 Office Phone 818-324-3802 Cell Phone [email_address] www.Carlos4Reverse.com

Reverse Mortgage For Home Purchases[1]

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Reverse Mortgage For Home Purchases[1]